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at exorbitant rates -- implement a public finance system based on new york city. it works well in new york city. it will work well in new york state. >> do you think he's serious? >> i do think he's serious. >> how will he prove he's serious? >> well, he'll prove his seriousness by getting this bill passed in the coming legislature. i think we can have confidence that the governor will be able to pass something that is called campaign finance reform in this state. the real test and measure is going to be whether it includes this citizen funding. >> how would public funding work? >> well, it can work a lot of different ways. for obvious reasons it's most useful to point to new york city when you're in new york state. here we have a system in the city if you're running for citywide office or for city council, any contribution up to, you qualify to get into the system, you elect to be in the system, it's voluntary. then any contribution up to $175 is matched six to one -- >> by the public? >> by the public. out of a pool from the general fund from the budget. and that has had a dramatic transforma
at the benjamin cardozo school of law here in new york city and is a fellow at the roosevelt institute. susan crawford, welcome. >> thank you so much. >> "captive audience?" who's the captive? >> us, all of us. what's happened is that these enormous telecommunications companies, comcast and time warner on the wired side, verizon and at&t on the wireless side, have divided up markets, put themselves in the position where they're subject to no competition and no oversight from any regulatory authority. and they're charging us a lot for internet access and giving us second class access. this is a lot like the electrification story from the beginning of the 20th century. initially electricity was viewed as a luxury. so when f.d.r. came in, 90% of farms didn't have electricity in america at the same time that kids in new york city were playing with electric toys. and f.d.r. understood how important it was for people all over america to have the dignity and self-respect and sort of cultural and social and economic connection of an electrical outlet in their home. so he made sure to take on the spec
and what to do about it." he's now a visiting professor at the new school here in new york city where he's teaching a special course on the financial crash. welcome, richard wolff. >> thank you, bill. >> last night i watched for the second time the popular lecture that is on this dvd, "capitalism hits the fan." tell us why you say capitalism has hit the fan. >> well, the classic defense of capitalism as a system for much of its history has been, okay, it has this or that flaw. but it "delivers the goods." >> yeah, for most everybody. >> right. >> that was the argument. >> and so you may not get the most, but it'll trickle down to you, all the different ways. >> the yachts will rise. >> that's right. the ocean will lift all the boats. the reality is that for at least 30 years now, that isn't true. for the majority of people, capitalism is not delivering the goods. it is delivering, arguably, the bads. and so we have this disparity getting wider and wider between those for whom capitalism continues to deliver the goods by all means, but a growing majority in this society which isn't gettin
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